KUALA LUMPUR, March 6 — Short-term interbank rates closed steady today on Bank Negara Malaysia’s (BNM) operations to absorb surplus liquidity from the financial system.
Liquidity in the conventional system increased to RM42.22 billion from RM37.28 billion while Islamic funds’ liquidity declined to RM24.81 billion from RM29.73 billion this morning.
Earlier, the central bank conducted one conventional money market tender, one reverse repo tender, and three Qard tenders.
It also announced the availability of reverse repo, sale and buy-back agreements, and collateralised commodity Murabahah facilities for tenors of one to three months.
At 4 pm, BNM called for a RM41.20 billion conventional money market tender and a RM24.80 billion Murabahah money market tender for one-day money.
The central bank also revised conventional overnight tender to RM41.2 billion from RM40.1 billion.
The Malaysian Islamic Overnight Rate (MYOR-i) stood at 2.75 per cent as of March 3, 2023.
— Bernama
